Commercial Real Estate & Business News – November 14, 2022
Denver Company Plans 50-Acre, Data-Center Campus Near Phoenix Sky Harbor Airport A Denver company has announced plans to build a five-building, 50-acre campus just north of Phoenix Sky Harbor International Airport. Stack Infrastructure said it has purchased land south of Loop 202 near 40th Street and plans to construct…» Developers Want to Bring Residents, New […]
Commercial Real Estate & Business News – November 11, 2022
Happy Veteran’s Day! Thank you to all the men and women that serve our country! Forecasting the Future of Warehouse Demand Transwestern released its analysis of a decade of warehouse demand and then trying to understand its future. A story of a decade comes out immediately in a succinct summation: “Since the end of the […]
Commercial Real Estate & Business News – November 10, 2022
Chip-Making Juggernaut TSMC Eyes Multibillion-Dollar Arizona Factory Expansion Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip maker, is preparing another multibillion-dollar factory investment in Arizona, people familiar with the plans said. TSMC TSM -0.03%decrease; red down pointing triangle plans in the coming months to…» Why Development of Medical Office Buildings is Booming Maricopa County, […]
Commercial Real Estate & Business News – November 9, 2022
Newly Formed Scottsdale Real Estate Firm Enters Industrial Market With Big Valley Projects A new developer is planning to build one of its first industrial projects in Arizona with a massive park proposed for a new industrial corridor in the Valley. The new industrial and technology facility will total 1.7 million square feet across…» Housing […]
Commercial Real Estate & Business News – November 8, 2022
Third Quarter Sales Highlight Strong Appeal of Southern States for Hotel Investors The ongoing recovery in hotel performance metrics continues to attract buyers and spur deals, albeit at a slower pace than last year. More than 1,700 properties changed hands for a total deal volume of under $11 billion in the third quarter, well below […]
Commercial Real Estate & Business News – November 7, 2022
Multifamily Cap Rates Still Just Below 4% of 2021 NOI Apparently while interest rates have managed to move faster than cap rates. Trepp did a recent series of multifamily sales. The implied cap rates “continued to hover at just under 4% of 2021” in September. “Since the run-up in interest rates over the last six […]